Sina Estavi is having a hard time flipping his NFT. Image: Twitter
The man who bought an NFT of Twitter co-founder and former CEO Jack Dorsey’s first ever tweet for nearly $4 million tried to auction it for $65 million – but the highest bid came in at less than $400.
Sina Estavi, CEO of Malaysian blockchain company Bridge Oracle, famously jumped at the opportunity to buy a copy of Dorsey’s first tweet in March last year for 1630 ETH, then worth around $4 million.
Dorsey converted all the proceeds from the NFT’s sale to Bitcoin and sent it to the charity Give Directly.
This was in the early days of NFT mania and coincided with legitimate art auction house Christie’s selling its first ever digital-only piece of art as an NFT.
Last week Estavi tweeted a link to NFT marketplace OpenSea saying he was auctioning his NFT of the first ever tweet with half the proceeds also going to the charity.
The auction finished a day ago with the highest bidder offering just 0.09 ETH, currently worth around $377, according to cryptocurrency news outlet CoinDesk, which Estavi told he still “might accept” a good offer now the auction has finished.
Since the auction, Estavi’s NFT has gained more offers on OpenSea but the highest bid of 1.5 ETH is still well below what he paid for what is essentially an autographed copy of a tweet.
“I might never sell it,” Estavi said.
A few months after buying Dorsey’s tweet, Estavi was arrested by Iranian authorities…
